Big Money On Line, NCAA May Tip Off Tourney Without Spectators
The NCAA Men's Basketball Championship, March Madness, is schedule to tip off Tuesday on the Dayton University campus in Dayton, Ohio. Will any fans be allowed to watch the game in the UD Arena or will they have to watch it on television? That is a question Ohio Gov. Mike DeWine and the NCAA are struggling with.
DeWine asked Tuesday indoor sporting events take place without spectators “other than the athletes, parents, and others essential to the game” and universities go to online classes until further notice.
NCAA representatives said Monday the organization was “definitively planning on running the tournament at all 14 sites with fans, from the First Four in Dayton through the Final Four in Atlanta," then later said it was "consulting with public health officials and our COVID-19 advisory panel."
The Dayton region has benefitted to the tune of $85 million since hosting the tourney in 2001, according to Wallet Hub. This year, however, Dayton officials' decision to close down the campus kicked residents into the street. The result was a rowdy party or riot depending upon whom was asked.
Cleveland's Rocket Mortgage Field House is also scheduled to host first and second-round qualifiers. The Mid-American Conference men’s and women’s basketball tournaments were played at field house over the weekend. Attendance was limited to athlete family members, media and broadcast crew members, “official team party members.”
Today, both venues are selling tickets to next weeks' games.
March Madness is big money for the NCAA, bettors and schools involved. Each school conference that earns a berth receive a unit worth $282,100 from the NCAA distribution fund for Division-1 teams.
Those who advance to the Final Four would have won $1,410,500. Last year, each unit was worth $273,500. Finalists received $1,367,500 each.
Neveda sports books handled some $495 million in bets for the 2019 March Madness tournament. As much as 25 percent more money is waged on March Madness than the Super Bowl. As much as $8.5 billion was wagered on the tourney, nearly half of that illegally, according to Wallet Hub.
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